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He said other technical indicators, such as the breadth of the market - the divergence between individual performances within an index - pointed to the same conclusion. Such rules of thumb about bear markets are by no means foolproof but they are closely monitored by money managers and investors for whom calling market turns correctly is paramount. Still, Edwards has a reputation for being a so-called permabear due to his often pessimistic views and other analysts caution that the increase in bear market constituents could be read in two ways.

Either the creeping bear forces a further investor capitulation and long-term funk, or it slowly moving parts gold scales of justice cufflinks releases air from what many assumed were bubble-like valuations and eases the pressure to cut and run, Analysts who side with the second view say the bull market won’t run out of steam until the U.S, economy slips into recession, Many influential investment houses such as Goldman Sachs continue to take the view that tax cuts under the administration of U.S, President Donald Trump and the U.S, economy’s momentum will propel markets further..

“Economic expansion and the long-bull market in equities should continue in 2019,” the investment bank wrote last week, pointing to rising U.S. corporate sales and profits. For the pessimists, the flurry of mini bear markets within catch-all stock market indexes - even among those still showing positive returns this year - is becoming hard to ignore. Other indexes that have seen a marked rise in bear market constituents include global emerging markets, Chinese shares and European autos and banks.

In the United States, the Nasdaq 100 - which is up 11 percent this year and whose tech shares have spearheaded the bull market for the past two years - has seen the percentage of its bear market constituents surge to 43.7 from 7.8 in January, Some analysts say this suggests that while popular stocks can still thrive, a growing number of stocks are quietly collapsing in the background, In Germany, the change moving parts gold scales of justice cufflinks of fortune has been particularly brutal for the blue-chip DAX, Only two of its 30 stocks were in bear market territory in January but now there are 18..

(Reuters) - AT&T Inc’s quarterly profit for the latest quarter rose less than expected, held back by its declining satellite TV business, sending the company’s shares down more than 6 percent. The second-largest U.S. wireless carrier has been reducing its dependency on the phone business with its $85-billion acquisition of Time Warner this year, but it is struggling to grow in the TV market as its satellite business continues to shed customers, while its streaming services have not attracted as many subscribers as analysts had hoped.

AT&T lost more satellite TV customers than Wall Street expected in the third quarter, shedding a net 359,000 subscribers, as viewers move to services like Netflix Inc and Hulu, It lost 251,000 in the same period last year, Wall Street analysts expected AT&T to shed 245,000 satellite subscribers, according to research firm FactSet, Meanwhile, DirecTV Now, the company’s “over-the-top” streaming video service that was launched to lure back viewers who had dropped more expensive satellite TV moving parts gold scales of justice cufflinks services, added only 49,000 net subscribers in the quarter, much lower than the 296,000 it added last year, Analysts had expected 287,000 net new customers, according to FactSet..

“Satellite TV subscriber losses are accelerating while over-the-top subscription growth has stalled,” said Walter Piecyk, an analyst with BTIG Research. AT&T has pared back promotional offers for DirecTV Now to focus on reaching profitability, executives said on a conference call to discuss earnings. “What we’re after is customers who are highly engaged, find the product compelling and use it a lot,” said AT&T Communications Chief Executive John Donovan during the call. “That will lend [DirecTV Now] towards being able to be supplemented by an ad model over time.”.

In response to an analyst question about the pay TV business’s contribution to a recovery in the company’s entertainment group, Donovan corrected the analyst and said the recovery would come from the group’s broadband business, implying it would not come from the video business that includes DirecTV, AT&T shares were down 6.1 percent at $31.01 early Wednesday afternoon, AT&T gained a net 69,000 phone subscribers in the United States who pay a monthly bill, compared with moving parts gold scales of justice cufflinks analysts’ estimates of a net drop of 22,000 subscribers, according to research firm FactSet..

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